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<br /> UNfi'ORM COVL•NqNTS �orr�wer and l.ender ca��enant and a�tcc us follo���ti: ""� �Q��� �
<br /> . 1. Paymen�ot P�i�cip�l�nd lntere9h P�ensyment �n�#�p!e Chp!�s�. B��rra::�er shal!�r.��i��ii► pay when due
<br /> the principa)aPand interest on the debt evidenced by Yhe Note and uny prcpayment and lute charge�du;undcr the Note.
<br /> 2. Funds W�Tsxes�ed Inau�en.e. SIIh,JCCI!Q B�RIICBb]C IA�L'ElF!P 8«fif tCil waiccr hy Lender,Boreuwrr shnll pay
<br /> to Lender an the dsy montitly paxments are due undcr the Note,until thc Nnte i�paid in ful{,a�um("Funds•')equal ta
<br /> � ane•twrlfth af: (a) ye�rJy taxec and as�smcnts which mAy attnin priority a��er ihis Seruri��• Instru�ienr (b) yearly
<br /> lasehold payments ar g�ound rents an the Properly. if any; (c) yearly hazard insurance premiums; and (d) yearl,r•
<br /> mort�age in�wrance premiums,if any.These ite�s are cafled•'escrow items."Lender may estimAte Ihe Funds duc on the
<br /> bssis ofcurreat datu and reasonable estimates of i'uturo escrow items.
<br /> � 'The Funds shal!be held in�n institution the deposits or accounts oF which are insured ar guaranteed by a federAl or
<br /> st�►te a�ency(including Lender if Lender is such an institution). Lender shAll apply the Funds ta pay the escraw items.
<br /> Lender msy not charge fpr holding and applying the Funds,analyzing the accaunt or verifying the c�crow items,unleas
<br /> L.ender p�ys Borrowcr interest on the Funds and applicable law permits Lender to make such a charge. Borrawer and
<br /> , Lendrr may agree in writing thai anterest shall be paid on the Funds. Unless an agrecment is made or applicable !aw
<br /> requires interest to be paid, Lender shpll not be rcquired to pay Borrower any iaterest or earnings on the Funds. I.ender
<br /> thall give to Borrower,wilhout charge,an annual accounting of the Fuads showing credits and debits ta the Funds anci the
<br /> purpose for which each debit ta the Funds was made.The Funds are pledged ax additional security far the sums scxured by
<br /> this Security lnstrument, �
<br /> IPthe amount of the Funds�iteld by Lender,together with the future monthly payments of Funds payable prior to
<br /> thc due dates of the escrow items,shall exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> at Borrower's opiion,either promptly rcpaid to Borrower or credited ta Barrower on n�anthly payments of Funds.If the
<br /> , amonnt of the Funds held by Lender is not sufficient to pay the escrow items when due,Borrawer sha11 pay to Lender any
<br /> amnunt necexc�ryr t�.�a4��Y tl;�����!=�cy=n an;.�r:n;,s:payrrents as i ryui�e�i'vy iender.
<br /> IJpon payment in full of all sums seeured by this Security Instrument,Lender shall pramptly refund to Borrower
<br /> any Funds held by L.ender.if under paragraph 19 the Property is sald or acquired by Lender.Lender shall apply�no latcr
<br /> than irnmediately priar to the sale af the Propeny or i�s acquisition b,y Lender,any Funds held by Lender at the t�me of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3. Applirahon of Psyments. ilnlas applicable!aw provides otherwise.all payments received by Lender under
<br /> . paragraphs 1 and 2 shap be applied:first.to late charges due under the Nate;second,to prepayment chargec due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth.ta interest due;and last,to principal due.
<br /> 4. Cbargar,Liens. Borrower shall pay all taxes.assessments.charges. flnes and impositions attributable to the
<br /> Property which may attain priority.over this Security Instrument. and leasehold paym:nts or graund rents, if anp.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shal)
<br /> pay them on time directly to the person owed payment.Bonower shall prompily furnish to Lender all notices of amounts �
<br /> ta be paid under this paragraph. If Borrawer makes these payments directly. $orrower shall prompily furnish to Lender
<br /> receipts evidrncing the payments. i
<br /> __ _ A`-'n^`•""f`h°���=a:s:�t1��:a.:ar�r a;,y l;ci,wLicn nas priority wer tnis�ecurity Instrument unless Borrower:(a) �.•°f
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good ' -�
<br /> faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinian operate ta �--�
<br /> prevent the enforcement of the lien or forfeiture of any part of'the Property;or(c)secures from the holder of the lien an -
<br /> agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of —
<br /> the Property is subject to a lien which may atta�n priority over this Security Instrument, I.ender may give Borrower a
<br /> notice idensifying the tien.Borrower shall satisfy the lien or take one or more of the actions set forth above w ithin 10 days
<br /> of the giving of notice.
<br /> 5. Hazard IQaueance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> insured against loss by flre,hazards included within the term"extended coverage"and any other hazards for which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br /> . insurance carrier providing the insurance sha11 be chosen b} Barrower subject to Lender's approval which shall not be
<br /> unreasonably withheld.
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. "
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly gi�e to Lender
<br /> all receipts of paid premiums and renewal notices.In the event of loss, Barrower shall gi��e prompt notice to the insurance
<br /> carrier and Lender.Lender may make proof of loss iF not made promptly by Borrower. ;�'
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair �
<br /> of the Propeny damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the �
<br /> restoration or repair is not economically feasible or Lender's security wauld be lessened, the insurance proceeds shail be �
<br /> appiied to the sums secured by this Security Instrument, whether or not then due,with any eacess paid to Borrower. If�'
<br /> Borrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settle a claim,then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br /> the Property ar to pay sums secured by this Security instrument. whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing.any application of proceeds to principal shaU not extend or
<br /> ' postpone the due date of the manthly payments referred to in paragraphs 1 and 2 or change the amount cf the payments. lf
<br /> under paragraph 19 the Praperty is acquired by Lender,Borrower's right to any insurance policies attd praceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediateiy prior to the acquisition.
<br /> 6. Preservation and Maintenance of Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Property, allow the Property to deteriorate or commit wa�te. IP this Security Instrument is on a leasehold,
<br /> Borrower shall comply with the ptovisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and ' �
<br /> fee title shaU not merge unless Lender agrees to the merger in writing. '
<br /> 7. Protection of Lender's Rights in the Property; 19ortgage Insurance. If Borrc�wer fails to perform the �
<br /> covenants and agreements contained in this Security Instrument,or there is a legal proceeding that may significantly a�'ect '
<br /> Lender's rights in the Property (such as a proeeeding in bankruptcy, probate, fbr condemnati;sn or to enforce laws or
<br /> regulations).then Lender may do and pay for whatever is necessary to pr�tect the valuc of the Property ancS Lrnder's rights
<br /> in the Property. Lender's actians may include paying any sums secured by a lien which ha� priority oti•er this Securit}• �
<br /> � Instrument,appearing in court,paying reasonable attorneys'fees and entering on the Properq•to mahe repairs. Although �
<br /> Lender may take action under this paragraph 7,Lender does nat have ta do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall becnme additian,�l debt nf E3orrower tiecured by thiti h
<br /> Security Instrument. Unless Borrower and Lender agree to�ther terms of'payment, these amounts tihall bcar intcrest frorn ' ���
<br />. the date of disbursement at thr Note rate and shall be payable, w•ith intcrctit, upun nc�tice from Lrndcr to I3nrroa•er
<br /> requesting payment.
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